Moriarty New Mexico Car Insurance Buying Tips You Aren’t Supposed to Know

There isn’t anyone who anticipates paying for car insurance, particularly when the cost is way too high. Big-name insurance companies like Allstate, Liberty Mutual and State Farm increase brand awareness with ads and it is difficult to ignore the propoganda and effectively compare rates to find the best deal.

It is always a good idea to take a look at other company’s rates periodically since prices trend upward over time. Despite the fact that you may have had the best quotes a year ago the chances are good that you can find a lower rate today. Ignore everything you know about car insurance because it’s time to teach you one of the best ways to properly buy coverages and cut your premium.

If you have insurance now or are just looking to switch companies, you can use this information to find better prices while maximizing coverage. Choosing the best insurance company for you in Moriarty is not that difficult. New Mexico consumers just need to understand the proper methods to compare prices over the internet.

All the larger car insurance companies give pricing direct online. Getting prices online is fairly simple as you just type in your coverage information into the form. When the form is submitted, their rating system automatically retrieves reports for credit and driving violations and provides a quote based on many factors. Being able to quote online makes it easy to compare insurance prices but the process of having to visit many different websites and type in your information is not the best way to spend an afternoon. But it’s also necessary to perform this step in order to find better prices.

The easy way to compare rates

A less time-consuming method to get multiple rate quotes is to use a quote form that obtains quotes from multiple companies. It’s a real time-saver, reduces the work, and makes online shopping much simpler. After your information is entered, it is quoted and you are able to buy your choice of the resulting price quotes. If one or more price quotes are lower than your current rates, you can simply submit the application and buy the policy. The whole process takes just a few minutes to complete and you will find out if you’re overpaying now.

If you want to compare pricing, click here to open in new window and begin entering your coverage information. If you currently have coverage, we recommend you complete the form with identical to your current policy. This makes sure you will get a fair comparison based on similar coverages.

Does car insurance advertising bend the truth?

Consumers can’t ignore all the ads for car insurance savings by companies like Geico, State Farm and Progressive. They all seem to advertise claims that drivers can save some big amount after switching to them.

It sounds good, but how can they all charge lower premium rates? It’s all in how they say it.

Insurance providers can use profiling for the driver that earns them the highest profit. A good example of a profitable insured could possibly be between 25 and 40, has few claims, and insures a new vehicle. A customer who matches that profile will get a cheap rate quote as well as cut their rates substantially.

Drivers who cannot meet those criteria will have to pay higher premium rates and business going elsewhere. If you listen closely, the ads state “drivers that switch” not “everyone who quotes” save that kind of money. That’s the way insurance companies can make those claims. That is why it’s extremely important to quote coverage with many companies. It is impossible to predict the company that will have the lowest rate quotes.price insurance in Moriarty NM

Lower your car insurance rates with discounts

Car insurance is not inexpensive, but there’s a good chance there are discounts that can drop the cost substantially. A few discounts will automatically apply when you complete an application, but some discounts are required to be manually applied before they will apply.

  • Federal Government Employee – Federal government employees may reduce rates when you with some car insurance companies.
  • Full Payment Discount – By making one initial payment instead of paying each month you could save up to 5%.
  • Policy Bundle Discount – When you combine your homeowners and auto insurance and insure them with the same company you could save approximately 10% to 15%.
  • Good Grades Discount – A discount for being a good student could provide a savings of up to 20% or more. Earning this discount can benefit you up to age 25.
  • Senior Citizens – Mature drivers can get a discount up to 10%.
  • Safe Driver Discounts – Safe drivers can pay as much as 50% less compared to rates paid by drivers with frequent claims.
  • Discount for New Cars – Adding a new car to your policy is cheaper because newer models are generally safer.

As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Some only reduce individual premiums such as liability and collision coverage. If you do the math and it seems like having all the discounts means you get insurance for free, car insurance companies aren’t that generous. But all discounts will definitely reduce the amount you pay for coverage.

Large car insurance companies and the discounts they provide are detailed below.

  • Travelers may offer discounts for driver training, continuous insurance, multi-policy, home ownership, and new car.
  • 21st Century includes discounts for 55 and older, student driver, air bags, anti-lock brakes, automatic seat belts, and teen driver.
  • State Farm may include discounts for defensive driving training, anti-theft, driver’s education, good driver, and Drive Safe & Save.
  • Geico policyholders can earn discounts including five-year accident-free, good student, air bags, anti-lock brakes, multi-vehicle, driver training, and multi-policy.
  • SAFECO may have discounts that include accident prevention training, drive less, anti-lock brakes, teen safety rewards, and anti-theft.
  • AAA offers premium reductions for good student, education and occupation, good driver, multi-policy, anti-theft, pay-in-full, and AAA membership discount.

When comparing rates, check with every company which discounts they offer. A few discounts may not be available in every state. If you would like to see a list of car insurance companies that can offer you the previously mentioned discounts in New Mexico, click this link.

Car insurance quotes from local Moriarty insurance agencies

A small number of people prefer to visit with an insurance agent and doing that can be a smart decision Good insurance agents will help you protect your assets and help file insurance claims. One of the great benefits of comparing rate quotes online is you may find better rates but still work with a licensed agent.

Once you complete this quick form, your coverage information is instantly submitted to insurance agents in Moriarty who will gladly provide quotes for your car insurance coverage. You don’t have to find an agent as quotes are delivered to you directly. If you need to compare rates from a specific company, you can always jump over to their website and complete a quote there.

Finding a good provider shouldn’t rely on just the bottom line cost. The answers to these questions are important, too.

  • Are they properly licensed to sell insurance in New Mexico?
  • Does the company have a local claim office in Moriarty?
  • Does the agent have professional designations like CIC, CPCU or AIC?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • Is coverage determined by price?
  • Are they able to influence company decisions when a claim is filed?
  • How long have they been in business?

The difference between Moriarty car insurance agents

When searching for a reliable insurance agent, it helps to know the two different types of agencies to choose from. Car insurance agents can either be independent or captive. Both types can provide car insurance policies, but it is a good idea to know how they are different since it can impact which type of agent you select.

Captive Agents

These type of agents have only one company to place business with and examples are State Farm or Allstate. Captive agents are unable to give you multiple price quotes so they really need to provide good service. Captive agents are usually quite knowledgeable in insurance sales which helps them compete with independent agents.

Independent Agents

Independent insurance agents are not required to write business for one company and that enables them to quote your coverage with multiple insurance companies and find the cheapest rate. If prices rise, they can switch companies in-house and that require little work on your part. If you need cheaper car insurance rates, it’s a good idea to get some free quotes from at a minimum one independent agency in order to have the best price comparison.

The following is a short list of independent agents in Moriarty who can help you get rate quotes.

Insurance Depot Inc – 1206 Route 66 Business Ctr – Moriarty, NM 87035 – (505) 832-2450
Wells Insurance – 1207 Route 66 – Moriarty, NM 87035 – (505) 832-4226

For more Moriarty insurance agents, here is a list of Moriarty New Mexico car insurance agents.

If you feel you receive positive feedback to all your questions as well as offering an affordable quote, you may have found an insurance agent that can be relied on to service your policy.

Additional detailed information is located at the New Mexico Insurance Division website. New Mexico drivers can read state legal mandates and laws, learn about specific coverages, and find out industry alerts.

Buy online or local, you save

You just learned a lot of ways to save on car insurance. The key concept to understand is the more companies you get prices for, the better your comparison will be. You may even find the biggest savings come from a lesser-known regional company. They can often provide lower prices in certain areas compared to the large companies like State Farm, Geico and Nationwide.

As you restructure your insurance plan, you should never skimp on coverage in order to save money. In many cases, drivers have reduced comprehensive coverage or liability limits only to discover later that the few dollars in savings costed them thousands. Your aim should be to buy a smart amount of coverage at the lowest possible cost and still be able to protect your assets.

A few companies may not offer online rate quotes small, regional companies only sell coverage through independent insurance agencies. Affordable car insurance can be bought from both online companies in addition to local insurance agencies, and you should compare price quotes from both in order to have the best price selection to choose from.